Depending on tax and insurance escrows. it culd be 3-6% of the loan amount. Sit down with a lender to discuss.

I am a mortgage broker. If I can be of service, please let me know!

MSmith@PrecisionFundingUSA.com

Marty

I am on line now!

New York Home Buyer -

You need to find out your costs for New York State because it will vary by state. The costs stated by Jan for Illinois don't hold true in Washington State, so my guess is that it doesn't apply to New York.

I would check with a local Realtor or wait for a NY Realtor to post some average costs.

Hi Me,

The following are approximate closing costs:

APPROXIMATE CLOSING COSTS

INSPECTION $350.00 TO $400.00

TITLE CO. CLOSING FEES $500.00 TO $600.00

TITLE INSURANCE $375.00

ATTORNEY $500.00 TO $600.00

CHGO TRANSFER TAX $7.50 PER $1,000.00 (New York may be different)

HOMEOWNER INSURANCE

R E TAXES

RECORDING FEES $40.00

PLUS LENDER'S CHARGES:
POINTS
LOAN ORIGINATION FEE
BROKER PROCESSING FEE
PREPAID INTEREST
MORTGAGE INSURANCE